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| Legalese | ||
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H.S. sophomore Good
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Exhibit 8.1
SUBSIDIARIES
| Subsidiary | Country of Incorporation | ||
| Camelia Navigation S.A. | Marshall Islands | ||
| Canyon I Navigation Corp. | Marshall Islands | ||
| Donna Marine Co. | Marshall Islands | ||
| Explorer Shipholding Limited. | Marshall Islands | ||
| Fairplay Maritime Ltd. | Marshall Islands | ||
| Frontline Marine Co. | Marshall Islands | ||
| Imperator I Maritime Company. | Marshall Islands | ||
| Opera Navigation Co. | Marshall Islands | ||
| Trade Force Shipping S.A. | Marshall Islands | ||
| Epic Investments Inc. | Marshall Islands | ||
| Ovation Services Inc. | Marshall Islands | ||
| Irises Shipping Ltd. | Marshall Islands | ||
| Protea International Inc. | Liberia | ||
| Reading Navigation Co. | Liberia | ||
| Paloma Marine S.A. | Liberia | ||
SK 25744 0001 1086595